The European Union, in 1984
started an experimental application of an old prescription to
cure the regions suffering from recession and unemployment, in
Liege of Belgium. This experiment resulted in a wide spread European
project, covering less developed Regions in the beginning and
hole Europe, shortly after. Now, there are about 150 BICs in Europe
and about 35 in the rest of the world.

BICs assist, both existing
and potential entrepreneurs to develop Innovations and succeed
exploiting innovations in order to obtain regional development..

BICs offer to their clients,
after a contract of "venture consulting"
a series of services, permitting them to make the best of their
ideas, risk and efforts.

BICs have become an institution
over Europe. They assist 3.500 new businesses each year, known
as start-ups, creating over 85.000 new jobs

The idea of innovation is concentrated
over the local competition on a new product.

There are other
offices in Greece, the European Union and the rest of the world.